earnings season kicks off, the market jumped higher after several major banks have already reported better-than-expected results, a sign that the Federal Reserve’s rate cut isn’t having as big of a negative impact on financial companies as Wall Street feared.Here are the banks that have reported so far—including the four largest in the U.S.of over $30 billion and better-than-expected profit, which was 23 cents a share higher than Wall Street estimates.
Citigroup’s third-quarter earnings also came in higher than expected, with both profit and revenue just beating out Wall Street estimates, thanks to strong trading results that
Even if rates go to zero banks will just make more fiat currency by increasing credit card rates and/or overdraft fees. Borrow at zero and fleece the consumers at 20%.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
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Market Should Open Higher As Bank Earnings Open StrongPositive results are despite the latest Fed rate cut.
مصدر: Forbes - 🏆 394. / 53 اقرأ أكثر »
Goldman Profit Drops 26% as Market WobblesGoldman Sachs Group’s third-quarter profit fell 26% from a year ago, hit by a slowdown in deal-making and losses on the bank’s stakes in companies. He looks like Mattis but bald. Never mind ! GS will still be on every financial network, doing infomercials as if they are the only ones with the “ facts “.
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Breakingviews - Hong Kong seeks new traffic cop for wonky marketOn Breakingviews – Ashley Alder, who has helmed the Securities and Futures Commission for eight years, is stepping down in 2020. The job he vacates is unique in financial regulatory circles, but not really in a good way. AlecMac11
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Paul Allen’s Silicon Valley mansion hits the market at $41.5 millionThe Atherton, Calif., mansion of Microsoft co-founder Paul Allen is for sale at about $41.5 million. Allen died a year ago at age 65. Confiscate and collectivize. That pool is so basic. I’ll have to pass. A bit bigger than tRump’s and all other republican traitor’s cages, with their cold, dirty , hard concrete floors. Drinking the toilet water, after waiting in that long line, will make you forget that there is no toilet paper, towels of any kind and certainly no showers or baths.
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Here's what's behind Roku's rise in the marketAs of last quarter, Roku had 30.5 million active accounts — and that number is expected to grow. So what’s behind Roku’s rise? I m It’s an Awesome product. $ROKU simplifies. That's the value prop.
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T. Boone Pickens’ 65,000-Acre Ranch To Stay On The Market For $250 MillionThe Mesa Vista Ranch, owned by the late T. Boone Pickens, has been on the market since 2017 for $250 million. Some XRP whale will buy it 😉😝 I hope in the view of climate change that millionaires & billionaires will STOP building massive homes that use up & waste the Earths natural resources You’re such selfish bastards by doing this. Goddamn what a house 😍
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